39 held in money laundering raids
Police have arrested 39 people and frozen suspected triad-related income of HK$10 million in raids against money laundering activities in the New Territories. Three cars, HK$350,000 in cash and a number of computers were also seized. Two triad groups were alleged to be involved in human smuggling, illegal bookmaking, selling contraband cigarettes and loan sharking. They were said to have laundered the crime proceeds through different bank accounts and shell companies.